Eva received $60,000 in compensation payments from JAZZ Corp. during 2015. Eva incurred $5,000 in business expenses relating to her work for JAZZ Corp. JAZZ did not reimburse Eva for any of these expenses. Eva is single and she deducts a standard deduction of $6,300 and a personal exemption of $4,000. Based on these facts answer the following questions: Use Tax rate schedule.

9.

value: 0.50 points

Required information

a.	Assume that Eva is considered to be an employee. What amount of FICA taxes is she required to pay for the year?

References

eBook & Resources

ProblemDifficulty: 2 MediumLearning Objective: 08-03 Calculate a taxpayer's employment and self-employment taxes payable and explain tax considerations relating to whether a taxpayer is considered to be an employee or a self-employed independent contractor.

Check my work

10.

value: 0.50 points

Required information

b.	Assume that Eva is considered to be an employee. What is her regular income tax liability for the year?(Round your answer to 2 decimal places.)

References

eBook & Resources

ProblemDifficulty: 2 MediumLearning Objective: 08-03 Calculate a taxpayer's employment and self-employment taxes payable and explain tax considerations relating to whether a taxpayer is considered to be an employee or a self-employed independent contractor.

Check my work

11.

value: 0.50 points

Required information

c.	Assume that Eva is considered to be a self-employed contractor. What is her self-employment tax liability for the year? (Round your intermediate and final answer to the nearest whole dollar amount.)

References

eBook & Resources

ProblemDifficulty: 2 MediumLearning Objective: 08-03 Calculate a taxpayer's employment and self-employment taxes payable and explain tax considerations relating to whether a taxpayer is considered to be an employee or a self-employed independent contractor.

Check my work

12.

value: 0.50 points

Required information

d.	Assume that Eva is considered to be a self-employed contractor. What is her regular tax liability for the year? (Round your answer to 2 decimal places.)